Brazil Needs to Pay Attention to Paraguay


Poor, hot and wedged between giants, Paraguay is easily overlooked. The landlocked country is still stained by its reputation as a smuggler’s paradise and the home of the late Alfredo Stroessner, the generalissimo who ran one of Latin America’s nastiest dictatorships for 35 years.

And yet capitalist perks, cheap overhead and a new enthusiasm for rules-based democracy have converted a patch of tropics that makes up just 0.05 percent of the global economy into one of the fastest growing and most business friendly spots in Latin America. The International Monetary Fund expects Paraguay to expand 3.8 percent next year, in a region set to grow only 0.8 percent.

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